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Teck Resources Ltd

Common Name
Teck Resources
Country
Canada
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Employees
7,200
Ticker
TECK.B
Exchange
TORONTO STOCK EXCHANGE
Description
Teck Resources Ltd. is a leading natural resources company that specializes in the mining and development of mineral resources. As one of Canada's leading diversified resource companies, it primarily ...

Teck Resources's GHG Emissions Data Preview

In 2023, Teck Resources completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Teck Resources has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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a
0000000
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Verified Sources Behind Teck Resources’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Teck Resources’s data sources below and access millions more through our Disclosure Search.

a. Teck Resources's Climate Change Report 2024
a. Teck Resources's Climate Change Report 2024
b. Teck Resources's Sustainability Report 2023
b. Teck Resources's Sustainability Report 2023
c. Teck Resources's Sustainability Report 2022
c. Teck Resources's Sustainability Report 2022

Insights into Teck Resources's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions ofTeck Resources amounted to1,181,000metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Teck Resourcesincreased by 21.38%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Teck Resources's Scope 1 Emissions Over Time

201920202021202220230800 k1.6 M2.4 M3.2 MtCO2e-72%+1%-9%+13%
  • Total Scope 1
  • Year-over-Year Change

What are Teck Resources's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Teck Resources were 863,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Teck Resources reduced its Scope 1 emissions over time?

Since 2019, Teck Resources's Scope 1 emissions have decreased by 71.35%, reflecting a declining long-term trend in Scope 1 emissions over time.ac

Compared to the previous year(2022), Teck Resources's Scope 1 emissions increased by 13.11%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Teck Resources's Scope 2 emissions?

In 2023, Teck Resources reported Scope 2 greenhouse gas (GHG) emissions of 611,000 tCOâ‚‚e using the market-based method and 318,000 tCOâ‚‚e using the location-based method.a

Has Teck Resources reduced its Scope 2 emissions over time?

Compared to the previous year(2022), Teck Resources's Scope 2 emissions(Location-Based) rose by 51.43% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Teck Resources use for Scope 2 reporting?

In 2023, Teck Resources reported its Scope 2 emissions using the market-based method and using the location-based method.a

Teck Resources's Scope 2 Emissions Over Time

201920202021202220230200 k400 k600 k800 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Teck Resources's Value Chain Emissions

In 2023, Teck Resources reported 3,400,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2023 disclosure of Teck Resources includes a breakdown across 11of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Teck Resources's Scope 3 Emissions Over Time

20192020202120222023020 M40 M60 M80 MtCO2e-12%+8%-96%+37%
  • Total Scope 3
  • Year-over-Year Change

What are Teck Resources's Scope 3 emissions?

In 2023, Teck Resources reported total Scope 3 emissions of 3,400,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 49.79%of these emissions originated from upstream activities such as purchased goods and capital goods, while 50.21%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Teck Resources reduced its Scope 3 emissions over time?

Since 2019, Teck Resources's Scope 3 emissionshave decreased by 95.34%, reflecting a declining long-term trend in Scope 3 emissions over time.ac

Compared to the previous year (2022), Teck Resources's Scope 3 emissions increased by 36.55%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Teck Resources disclose?

In 2023, Teck Resources reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Teck Resources's Scope 3 emissions?

In 2023, the largest contributors to Teck Resources's Scope 3 emissions were:a

  • Processing of Sold Products (Cat. 10): 1,007,000 tCOâ‚‚e(29.62%)
  • Investments (Cat. 15): 684,000 tCOâ‚‚e(20.12%)
  • Capital Goods (Cat. 2): 666,000 tCOâ‚‚e(19.59%)

Teck Resources's Scope 3 Emissions by Categories

Investments(Cat. 15)(20.1%)Capital Goods(Cat. 2)(19.6%)Processing of SoldProducts (Cat. 10)(29.6%)

Insights into Teck Resources’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Teck Resources reported Scope 1 greenhouse gas (GHG) emissions of 863,000 tCOâ‚‚e and total revenues of USD 11,339 millions. This translates into an emissions intensity of 76.11 tCOâ‚‚e per millions USD.a

Teck Resources's Scope 1 Emissions Intensity Compared to Peers

5,00050,000500,0005,000,00050,000,000Scope 1 Emissions (tCO2e)202001,00010,000100,000Revenues (Millions of USD)FIGAgnico Eagle MinesYear: 2024Scope 1: 1,119,142 tCO2eRevenue: $M 11,425Scope 1 Intensity: 97.95 tCO2e/$MEldorado GoldYear: 2024Scope 1: 110,424 tCO2eRevenue: $M 1,825Scope 1 Intensity: 60.50 tCO2e/$MEquinox GoldYear: 2024Scope 1: 301,539 tCO2eRevenue: $M 1,514Scope 1 Intensity: 199.15 tCO2e/$MFFFortuna MiningYear: 2024Scope 1: 119,698 tCO2eRevenue: $M 1,491Scope 1 Intensity: 80.31 tCO2e/$MIAMGOLDYear: 2024Scope 1: 483,348 tCO2eRevenue: $M 2,252Scope 1 Intensity: 214.65 tCO2e/$MMethanexYear: 2024Scope 1: 3,863,000 tCO2eRevenue: $M 3,720Scope 1 Intensity: 1,038.49 tCO2e/$MKinross Gold Corp (Ontario)Year: 2024Scope 1: 1,078,439 tCO2eRevenue: $M 5,149Scope 1 Intensity: 209.45 tCO2e/$MBarrick MiningYear: 2024Scope 1: 6,127,000 tCO2eRevenue: $M 17,857Scope 1 Intensity: 343.12 tCO2e/$MHudbay MineralsYear: 2024Scope 1: 287,000 tCO2eRevenue: $M 2,793Scope 1 Intensity: 102.75 tCO2e/$MNutrienYear: 2024Scope 1: 9,450,000 tCO2eRevenue: $M 35,814Scope 1 Intensity: 263.87 tCO2e/$MCapstone CopperYear: 2024Scope 1: 423,376 tCO2eRevenue: $M 1,599Scope 1 Intensity: 264.74 tCO2e/$MOceanaGoldYear: 2024Scope 1: 184,278 tCO2eRevenue: $M 1,796Scope 1 Intensity: 102.62 tCO2e/$MIIInterforYear: 2024Scope 1: 123,272 tCO2eRevenue: $M 2,102Scope 1 Intensity: 58.65 tCO2e/$MWest Fraser TimberYear: 2024Scope 1: 649,448 tCO2eRevenue: $M 8,532Scope 1 Intensity: 76.12 tCO2e/$MIvanhoe MinesYear: 2024Scope 1: 294,889 tCO2eRevenue: $M 41Scope 1 Intensity: 7,224.48 tCO2e/$MGGG Mining VenturesYear: 2024Scope 1: 29,950 tCO2eRevenue: $M 204Scope 1 Intensity: 146.92 tCO2e/$MLundin MiningYear: 2024Scope 1: 715,289 tCO2eRevenue: $M 4,720Scope 1 Intensity: 151.56 tCO2e/$MDPM MetalsYear: 2023Scope 1: 38,847 tCO2eRevenue: $M 520Scope 1 Intensity: 74.69 tCO2e/$MStella-JonesYear: 2024Scope 1: 136,395 tCO2eRevenue: $M 2,412Scope 1 Intensity: 56.56 tCO2e/$MTeck ResourcesYear: 2023Scope 1: 863,000 tCO2eRevenue: $M 11,339Scope 1 Intensity: 76.11 tCO2e/$M

How does Teck Resources's GHG emissions intensity compare to its peers?

In 2023, Teck Resources reported a Scope 1 emissions intensity of 76.11 tCOâ‚‚e per millions USD. Compared to the peer group median of 146.92, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Teck Resources rank on GHG emissions intensity within its industry?

In 2023, Teck Resources ranked 5 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Teck Resources among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Teck Resources's Total Carbon Footprint

In 2023, Teck Resources reported a total carbon footprint of 4,581,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 32.28% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Teck Resources's total carbon footprint was Scope 3 emissions, accounting for 74.22% of the company's total carbon footprint, followed by Scope 1 emissions at 18.84%.a

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